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Social Islami Bank
Social Islami Bank Limited (SIBL) ( bn, সোশ্যাল ইসলামী ব্যাংক লিমিটেড) is a Shari'ah based islami bank in Bangladesh. It was established on 22 November 1995 as Social Investment Bank Limited. Later it changed name to Social Islami Bank Limited. Up to October, 2021, SIBL has 172 branches including 22 AD (Authorized Dealer) branches, 104 subbranches & 200 agent banking outlets. History Social Islami Bank Limited is a Sharia compliant bank in Bangladesh which started operations on 22 November 1995. SIBL was founded by M. A. Mannan, Dr. Hamid Al Gabid, Former Secretary General of O.I.C., Dr. Abdullah Omar Nasseef, and Ahmed M. Salah Jamjoom, Former Commerce Minister, Kingdom of Saudi Arabia. It is a public limited company registered under the Companies Act of 1994 and regulated by Bank Company Act 1991. The bank is an Islamic bank, based on Islamic Sharia law forbidding usury. In 2009, the Bank changed their name from Social Investm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city in the world with a population of 8.9 million residents as of 2011, and a population of over 21.7 million residents in the Greater Dhaka Area. According to a Demographia survey, Dhaka has the most densely populated built-up urban area in the world, and is popularly described as such in the news media. Dhaka is one of the major cities of South Asia and a major global Muslim-majority city. Dhaka ranks 39th in the world and 3rd in South Asia in terms of urban GDP. As part of the Bengal delta, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River. The area of Dhaka has been inhabited since the first millennium. An early modern city developed from the 17th century as a provincial capital and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Charitable Society
The Islamic Charitable Society is a non-profit charitable organisation located in Hebron in the West Bank. The charity was founded in 1962 to take care of orphans and expanded through years. It is now responsible for two orphanages, three schools for boys and girls, dairy, sewing workshop, two bakeries, a large mall and a 30-apartment building.Islamic Charitable SocietyOrphans Under Threat. According to a 2006 episode of the BBC's series: :the Islamic Charitable Society has received funding from Interpal and is associated with Hamas."Panorama: Faith, Hate and Charity" , '''', |
Banks Of Bangladesh
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hire Purchase Under Shirkatul Melk
Hire Purchase under Shirkatul Melk (HPSM) is a type of hire purchase contract which has been developed through practice and approved in Shariah. The term is used in Islamic banking Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economic .... It is a synthesis of three contracts: shirkat, ijarah and sale. Under this mode, banks supply goods on rental basis. Ownership of the goods lies jointly between the bank and the client jointly; the client makes payments in installments, with the balance owned by the bank as mortgage. In the meantime, the client is authorized to possess and use the goods. Once all the installments have been paid, the goods become the client's property alone. See also * Sukuk * Islamic financial system References Sharia {{Islam-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Digital Security Act, 2018
The Digital Security Act, 2018 is a digital security law in Bangladesh. This act was passed with the aim of preventing the spread of racism; sectarianism; extremism; terrorist propaganda; and hatred against religious or ethnic minorities through social media, print media or any other electronic media. Any content over the internet or any other media that was deemed pornographic or otherwise inappropriate by the government could be punished by fines or prison terms of various lengths. It is a controversial law and it was feared that the law could be used to suppress dissenters against the government due to some of its provisions that are vague and ambiguous, open to interpretation or prone to abuse. This law has been used to sue and arrest some journalists, activists and criminals. History Digital Security Act was adopted in October 2018. The provision passed the Parliament of Bangladesh in September 2018. The act allows police officers to detain people without a warrant. The act was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Financial Intelligence Unit
The Bangladesh Financial Intelligence Unit is a government agency of Bangladesh responsible for investigating money laundering, suspicious transactions, and cash transaction reports. The unit works under Bangladesh bank. Md Masud Biswas is the chief of Bangladesh Financial Intelligence Unit. History The unit was founded as the Anti-Money Laundering Department of Bangladesh Bank in June 2002. The name of the department was changed to Bangladesh Financial Intelligence Unit on 25 January 2012 through the Money Laundering Prevention Act, 2012. Asia/Pacific Group on Money Laundering recommended the government to form the unit. In 2015 the Government of Bangladesh announced plans to provide autonomy to the unit. In 2016 Bangladesh Bank confirmed the unit has been made autonomous. In September 2021, the Bangladesh Financial Intelligence Unit sent letters to banks requesting the bank details of 11 elected journalist leaders from Bangladesh Federal Union of Journalists, Dhaka Reporte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salahuddin Ahmed (economist)
Salahuddin Ahmed is a Bangladeshi economist, civil servant, and a former governor of the Bangladesh Bank, the country's central bank. He is a professor of BRAC University. Early life and education Ahmed was born in Old Dhaka and his family were originally from Nabinagar Upazila, Brahmanbaria District. He graduated from Dhaka Collegiate School in 1963. Ahmed did his masters in 1969 in economics from the University of Dhaka. He completed his second masters and PhD from McMaster University in 1974 and 1978 respectively. Career Ahmed joined the University of Dhaka as a lecturer and later joined the Civil Service of Pakistan. He was appointed the Assistant Commissioner of Dhaka District. He served as the executive magistrate of Pirojpur District. He worked at the National Foundation for Research on Human Resource Development which merged with Bangladesh Institute of Development Studies later. He worked at the Centre on Integrated Rural Development for Asia and the Pacific. Ahmed i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anwarul Azim Arif
Md. Anwarul Azim Arif is a Bangladesh academic, banker, and vice-chancellor of the International Islamic University Chittagong. He is the former vice-chancellor of the University of Chittagong. He is the former chairperson of Social Islami Bank Limited. Arif is the chairman of the central executive committee of the Central Shariah Board for Islamic Banks of Bangladesh. Early life Arif completed his master's degree in commerce at the University of Chittagong. He completed his MBA at the University of the Philippines. Career Arif joined the University of Chittagong as a lecturer in 1976 in the Management Studies department. He joined National Bank as a probationary officer in 1984. From 7 January 2012 to 6 August 2012, Arif was the dean of the Faculty of Engineering. From 2011 to 2105, Arif was the vice-chancellor of the University of Chittagong. In August 2011, he successfully convinced proctor Dr Mohammad Akter Hossain and three assistant proctors to rescind their resignati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRB Global Bank
Global Islami Bank, former known as NRB Global Bank, is a fourth generation Bangladeshi sharia compliant private bank. Nizam Chowdhury is the chairperson of the Bank. Syed Habib Hasnat is the Managing Director of Global Islami Bank. History The Bank was founded as NRB Global Bank on 25 July 2013 targeting not resident Bangladeshis. Bangladesh Bank provided licenses to nine banks, including NBR Global Bank, in 2013 on the condition that the bank will eventually list on the stock market. On 14 August 2013, Md Abdul Quddus was appointed Managing Director of NRB Global Bank. In 2015, Prashanta Kumar Halder became the Managing Director of the Bank. Nizam Chowdhury, director of Diamond Life Insurance Company Limited and Kushira Power Limited, was appointed chairman of NRB Global Bank in August 2016. In April 2019, the NRB Global Bank announced it's intention to change its name to Global Bank of Bangladesh due to the existence of two banks, NRB Commercial Bank Limited and NRB Bank, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islami Bank Bangladesh Ltd
Islami Bank Bangladesh Ltd. (IBBL) ( bn, ইসলামী ব্যাংক বাংলাদেশ লিমিটেড) is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913. IBBL maintains its own ATM Booths with a country-wide shared ATM network. IBBL has been the largest private banking network in Bangladesh. When IBBL was established, it was the first bank in Southeast Asia to provide banking service based on Shariah. The bank has been listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. History Islami Bank Bangladesh Limited is a shari'ah compliant bank in Bangladesh which started operations on 30 March 1983. It was founded by Saudi and Kuwaiti investors. It is a public limited company registered under the Companies Act of 1913. IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Security Islami Bank Limited
First Security Islami Bank Limited is a public limited bank in Bangladesh which was founded on 29 August 1999 provides sharia compliant banking. Mohammed Saiful Alam, chairman of S. Alam Group of Industries, is the chairman of First Security Islami Bank Limited. The bank experienced a cash crunch in 2022 after proving large unsecured loans. History First Security Islami Bank Limited was incorporated on 29 August 1999 as a commercial bank. It started operations on 25 October 1999 with an authorized capital of 1 billion taka. From 2009 the bank started sharia banking. Bangladesh Sports Press Association (BSPA) in 2014 awarded the bank best sponsor. The Bank sponsored the National School Hockey Tournament. The Bank saw profits decline in 2018 along with other listed banks on the Dhaka Stock Exchange. In September 2021, First Security Islami Bank Limited issued shares to raise its paid up capital. It declared a 10 per cent dividend that year. On 4 December 2022, Bangladesh High ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
